A. Description of Advisory Firm Square Wave Capital, LLC (“Square Wave”) is an investment advisory firm organized as a limited liability company under the laws of the State of Delaware. Ryan Ashayeri, the principal owner of Square Wave, founded Square Wave in October 2021. Square Wave provides investment advisory services to a single managed account and advises a private fund. As used herein, “Funds” or “Clients” refers to the private fund together with the separately managed account (“Managed Account Client”), any subsequently sponsored funds formed from time to time, and any similar pooled investment vehicles sponsored or managed by Square Wave or its affiliates. The investment objectives, strategies, terms, conditions and restrictions applicable to (i) the Fund Clients are described in their respective confidential memoranda and governing documents (referred to collectively as the “Offering Documents”) and (ii) the Managed Account Clients are set forth in their respective investment management or sub-advisory agreements between the Managed Account Clients and Square Wave (the “Advisory Agreements”). Square Wave generally seeks to achieve capital appreciation with respect to Clients primarily through establishing long and short positions in publicly-traded securities of technology and growth companies. Information about each Fund Client is set forth in its applicable Offering Documents. See Item 8 below. Square Wave’s services to the Funds consist of (i) investigating, identifying and evaluating investment opportunities; (ii) structuring and making investments on behalf of the Clients; (iii) managing and monitoring the performance of such investments; and (iv) exiting such investments on behalf of the Clients. Square Wave’s services to each Client are subject to the specific investment objectives and restrictions applicable to such Client, as set forth in such Client’s limited partnership agreement and other governing documents. The Funds are offered exclusively to individuals and other persons who qualify as “accredited investors” under Regulation D promulgated under the Securities Act of 1933, as amended (the “Securities Act”), and/or “qualified purchasers” as defined under Section 2(a)(51) of the Investment Company Act of 1940, as amended (the “Company Act”) and are therefore not required to register as investment companies

with the SEC in accordance with the exemptions set forth in Sections 3(c)(1) or 3(c)(7) of the Company Act. An investment in a Fund Client does not, in and of itself, create an advisory or other relationship between an investor in such Fund Client and Square Wave. Investors generally are not permitted to impose restrictions or limitations on the management of the Fund Clients. Square Wave and the Fund Clients have entered into, and may from time to time in the future enter into, side letter agreements and similar arrangements with certain investors in Fund Clients that have the effect of establishing rights and/or otherwise benefitting such investors in a manner that is more favorable in various material respects than the rights and benefits established in favor of the investors generally pursuant to the applicable governing documents. Such rights or benefits in a side letter or similar arrangement include, without limitation, (i) capacity rights, (ii) preferential information, reporting, transparency or special notice rights, (iii) most favored nations’ status, (iv) lower or different management fees and/or performance allocations, (v) preferential withdrawal or liquidity rights and (vi) various other preferential or favorable rights, terms and benefits. A Managed Account Client may impose investment guidelines, limitations and other restrictions or terms on the management of its managed account pursuant to the applicable Advisory Agreement. The Managed Account Clients also have certain portfolio liquidity, concentration and exposure (or other) limits, in addition to being prohibited from trading specified instruments, without the prior written consent of the underlying investment manager of such Managed Account Clients. Square Wave does not participate in wrap fee programs. As of the date of this Brochure, Square Wave has $66,747,718 in discretionary and non- discretionary assets under management. ALL DISCUSSION REGARDING THE FUND CLIENTS IN THIS BROCHURE, INCLUDING BUT NOT LIMITED TO THE INVESTMENTS, THE STRATEGIES USED IN MANAGING THE FUND CLIENTS, THE FEES, EXPENSES, AND RISKS ASSOCIATED WITH AN INVESTMENT IN THE FUND CLIENTS, AND CONFLICTS OF INTEREST IN CONNECTION WITH THE MANAGEMENT OF THE FUND CLIENTS ARE QUALIFIED IN THEIR ENTIRETY BY REFERENCE TO THEIR RESPECTIVE OFFERING DOCUMENTS.